Crypto-friendly bank Silvergate reports 119% increase in revenue and payments

Crypto-friendly bank Silvergate has sent its second quarter financial information to US regulators, according to the report. - Share of business and foreign exchange increased by 28% from last year by 29%, and digital currency production increased by 119% from last year to reach $2.4 million . Note: In addition to the traditional banking services available to cryptocurrency companies, Silvergate operates its own payment network, the Silvergate Exchange Network (SEN).